TD Cowen initiates coverage on Casella Waste Systems with 'buy' rating, Street-high PT

Brokerage TD Cowen starts coverage on solid-waste management company Casella Waste Systems CWST.O with "buy" rating and a Street-high PT of $130

PT represents 20.2% upside to the stock's last close

Brokerage says Casella is attractive due to its M&A growth and free cash flow durability under any economic conditions

Tariffs are expected to have limited impact on the business - brokerage

CWST is well positioned to navigate cost inflation and increase prices if needed, maintaining profit margins - TD Cowen

Brokerage sees upside to company's rebound in landfill volumes, leading to increased revenues, and states that its 2025 projection appears conservative

Six out of 10 brokerages rate the stock "buy" or higher, three rate "hold", one rates "sell", with a median PT of $115, according to data compiled by LSEG

Including the session's moves, CWST stock down ~2% YTD